Gibraltar Capital Management Inc. Has $267,000 Stock Position in AAON, Inc. (NASDAQ:AAON)

Gibraltar Capital Management Inc. trimmed its position in AAON, Inc. (NASDAQ:AAON) by 14.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,272 shares of the construction company’s stock after selling 397 shares during the quarter. Gibraltar Capital Management Inc.’s holdings in AAON were worth $267,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Blue Trust Inc. boosted its position in AAON by 28.4% during the 4th quarter. Blue Trust Inc. now owns 380 shares of the construction company’s stock worth $41,000 after acquiring an additional 84 shares during the period. Captrust Financial Advisors boosted its holdings in shares of AAON by 1.0% during the third quarter. Captrust Financial Advisors now owns 8,796 shares of the construction company’s stock worth $949,000 after purchasing an additional 89 shares during the period. Louisiana State Employees Retirement System grew its position in AAON by 0.5% during the fourth quarter. Louisiana State Employees Retirement System now owns 18,700 shares of the construction company’s stock valued at $2,201,000 after purchasing an additional 100 shares in the last quarter. Conway Capital Management Inc. increased its stake in AAON by 4.0% in the 4th quarter. Conway Capital Management Inc. now owns 2,602 shares of the construction company’s stock valued at $306,000 after buying an additional 101 shares during the period. Finally, Ascent Wealth Partners LLC lifted its position in AAON by 0.4% in the 4th quarter. Ascent Wealth Partners LLC now owns 29,881 shares of the construction company’s stock worth $3,516,000 after buying an additional 113 shares in the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

AAON Trading Up 0.2 %

Shares of NASDAQ:AAON opened at $100.29 on Wednesday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.79 and a current ratio of 3.06. The stock’s 50-day moving average is $118.93 and its 200-day moving average is $114.40. The company has a market cap of $8.15 billion, a P/E ratio of 44.18 and a beta of 0.87. AAON, Inc. has a 52-week low of $70.28 and a 52-week high of $144.07.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Robert W. Baird increased their price objective on AAON from $130.00 to $138.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. DA Davidson raised their price objective on AAON from $102.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $133.00.

Insider Activity at AAON

In related news, VP Stephen E. Wakefield sold 5,362 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $130.99, for a total transaction of $702,368.38. Following the completion of the transaction, the vice president now owns 4,558 shares in the company, valued at $597,052.42. This trade represents a 54.05 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Rebecca Thompson sold 5,000 shares of the company’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $138.00, for a total transaction of $690,000.00. Following the sale, the chief financial officer now directly owns 17,297 shares in the company, valued at $2,386,986. This represents a 22.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 18.55% of the stock is owned by corporate insiders.

AAON Profile

AAON, Inc, together with its subsidiaries, engages in engineering, manufacturing, marketing, and selling air conditioning and heating equipment in the United States and Canada. The company operates through three segments: AAON Oklahoma, AAON Coil Products, and BASX. It offers rooftop units, data center cooling solutions, cleanroom systems, chillers, packaged outdoor mechanical rooms, air handling units, makeup air units, energy recovery units, condensing units, geothermal/water-source heat pumps, coils, and controls.